Silver is going BOOM!
(www.kitco.com)
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its come down some, but it gapped up. This is international market, when US market opens, thats when the real fireworks should occur.
I think when Hong Kong opens at 730pm it will run
Per ounce! And it's gonna keep going up!
The mid-27 level is key to hold. It is strong resistance so there will be a tug of war to battle over a breakout or breakdown. Monday's close, and the weekly close are what are important. I can see it go either way.
It's the stock game shorts buy high.. they may try to double down. This is going to be interesting. With GME... It doesn't effect the world. SLV is a key stone in our society.
A keystone, you say? Hmm.....
The amount of uses it has. The rarity of it compared to other things. companies overhead is about to get collapsed. On another note the mining companies stock will climb when this does. This is an important metal
GME is about $20B, silver market is $1.5 T. Nobody will squeeze anything with silver. In fact, they’re admiring capital to Citadel and JP who have huge silver holdings. Having said that, e erroneous should hold some physical silver and gold just in case.